Essay Example on Economic and social significance of tourism industry

Economic and social significance of tourism industry The definition of tourism is different for different people because it is an abstract thing which includes a big variety of activities from different industries in economic system In generally tourism can be explained as range of socioeconomic activities which are made for tourists or by tourists It is important to notice that tourism is determined neither as just demand side thing and nor supply side one United nation and world tourism organization 1993 Tourism is not only about leisure activities accommodations and entertainment part it is connected with different parts in system of economy It needs planning organizing coordinating and training in everything Thus tourism associated as functional unit of economy Simoni Mihai 2012 It is generally known that tourism has huge impact on economy of a country It contributes to economic growth by creating new jobs developing infrastructures of country 

Also it helps people to meet new cultures and become more open minded Tourism industry develops very fast in some countries The main goal of tourism in developing countries is to gain foreign currency Employment comes after that It is also very important tool which can destroy poverty finish unemployment and help to meet different cultures help them mix between each other and create new ethical framework which will be right and fair for new humanity Tourism has range of economic influences Social and cultural significance of tourism Someone can argue that tourism industry affects local communities in bad or good way Mathieson Wall 1982 Because sometimes tourists are not so informed and understandable for local customs and traditions But when locals are mixing with other people with different background it can drive to progress of their style of life and gaining habits from tourists Also tourism can help to develop education welfare and health care of locals by making better local facilities and infrastructure for tourists Local people can have chance to attend more entertaining or cultural events expositions and shows which are made to attract tourists in the first place It also helps to preserve local cultural legacy and even revival of handicraft arts because it also attracts tourists Furthermore tourism can stop people to leave their villages and move to urban areas It can be even reversed because if there are jobs people will go for work from cities to villages Economic significance of tourism 

Tourism industry are essential not only in developing countries but also in developed countries as well It is one of the most significant export industry in European Union and USA And it helps to improve unfavorable trade position of developing countries like for example India Tourism also need developed infrastructure facilities which are beneficial and useful for locals and for tourists 

So the importance of tourism in economy is big because it contributes to development of infrastructure Mathieson Wall 1982 Government must develop carefully infrastructure so there will not be overcrowd cluster and harm to environment So the support of government is considerable Tourism also has opportunities of investments because when people travel they see new capabilities where to open new business and what products to sell in certain areas Every developing country has problems with poverty and big difference between wealthy and poor people There are some reasons for that such as low capital income and low national income Tourism can decrease it by creating new job increasing of national income gaining of foreign currency development of regions etc Mill Morrison 1992